Coverage Basics
This coverage applies to liability for injury or damage to others
What is General Liability?
General Liability provides _____ party coverage.
What is 3rd Party.
No
Due to the Exclusion for Expected or Intended Injury
This part of the insurance policy provides the details such as policy number and policy term dates.
What is the declarations?
A policy is written with an occurrence policy trigger or a ______ - _______ policy trigger.
What is Claims Made?
Commercial General Liability Part A provides coverage for Bodily Injury and _________
What is Property Damage
Cyber Liability Provides ____ and ______ party coverage.
What is 1st and 3rd party.
Jamie is an employee at ABC Insurance. While at the holiday Christmas party Jamie has several drinks and proceeds to drive home. On the drive home Jamie gets into a serious accident and severely injures two other drivers. One of the injured parties sues ABC Insurance for overserving Jamie and allowing them to get behind the wheel. Will this be covered under GCL?
Yes.
Event though Liquor Liability is a standard exclusion, it is not applicable when the company is not in the business of selling or manufacturing alcohol. "Host Liquor Liability" is covered.
This part of the insurance policy includes the rules and responsibilities or what the policyholder and the insurer have to do for coverage to apply.
The last digits on a policy form number are the ______ _______
What is edition date?
Commercial General Liability Part B provides coverage for Personal & __________________
Collette's insurance fixes the damage to her car after she ran into a pole in a parking lot. This is an example of ______ party coverage.
What is 1st party.
An employee for XYZ construction is injured on the jobsite. Is there coverage under General Liability?
No.
Work Comp is excluded under GL and the employee needs to see coverage under Work Comp
This part of the policy outlines items that are not included in coverage.
What are the exlcusions?
What is Loss Payee?
This covers injuries on premises without having to prove negligence.
What are Medical Payments (Part C)
Your company's data is breached and now you must pay to send out breach notification letters and pay for credit monitoring to the effected parties for 1 year. This is an example of ________.
What is 1st party coverage.
The underground tank at your gas station has eroded and has been seeping gasoline into the ground for some time, polluting the soil and potentially the nearby stream. Is there coverage under GL?
No.
Pollution is excluded from GL.
This part of the insurance policy includes the custom add-ons that change the policy.
What are the endorsements?
Sarah would like to approach your insurance company to recoup costs paid our by her insurance company, due to an incident you were involved with. However, she is unable to do so because of the policy's ______ ___ __________
What is Waiver of Subrogation?
What is the maximum paid during the policy period?
What is the General Aggregate?
There is an accident at a jobsite and several pedestrians are injured. Claims paid out for their injuries is an example of ______.
What is 3rd Party Coverage.
How many exclusions are under included in CGL Coverage A?
What are 17.
This part of the insurance policy tells you what the insurance company promises to cover.
What are the Insuring Agreements?
What year did Moody Insurance begin?
What is 1972?